LGL GROUP INC
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
LGL$6.63+1.2%Stored close · as of Nov 6, 2026
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Earnings Per Share
11.** Earnings per Common Share
The following table presents a reconciliation of Net income (loss) and shares used in calculating basic and diluted net income (loss) per common share for the periods indicated:
| Year Ended December 31, | ||
|---|---|---|
| (in thousands, except for share data) | 2024 | 2023 |
| Numerator for EPS: | ||
| Income from continuing operations | $522 | $345 |
| Less: Net income from continuing operations attributable to non-controlling interests | 90 | 48 |
| Income attributable to LGL Group common stockholders from continuing operations | 432 | 297 |
| (Loss) income from discontinued operations, net of tax | — | (28) |
| Net income attributable to LGL Group common stockholders | $432 | $269 |
| Denominator for EPS: | ||
| Weighted average common shares outstanding - basic | 5,352,937 | 5,352,937 |
| Dilutive effects (a): | ||
| Warrants | 192,310 | — |
| Restricted stock | 8,576 | — |
| Weighted average common shares outstanding - diluted | 5,553,823 | 5,352,937 |
| Income (loss) per common share attributable to LGL Group common stockholders: | ||
| Basic: | ||
| Income from continuing operations | $0.08 | $0.06 |
| (Loss) income from discontinued operations | — | (0.01) |
| Net income attributable to LGL Group common stockholders | $0.08 | $0.05 |
| Diluted: | ||
| Income from continuing operations | $0.08 | $0.06 |
| (Loss) income from discontinued operations | — | (0.01) |
| Net income attributable to LGL Group common stockholders | $0.08 | $0.05 |
| (a) | For the year ended December 31, 2023, weighted average shares used for calculating earnings per share excludes warrants to purchase 1,051,664 shares of common stock as well as 20,117 shares from restricted stock awards as the inclusion of these instruments would be antidilutive to the earnings per share calculation. For more information on the warrants and restricted stock, refer to Note 10 - Stockholders' Equity and Note 9 - Stock-Based Compensation, respectively, to these Consolidated Financial Statements. |
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